Which of the Following Would Be a Legitimate Government Activity

question 148

Multiple Choice

Which of the following would be a legitimate government activity in the U.S.economy?

• A)The provision of public goods and services.
• B)The regulation of water pollution.
• C)Enforcing child labor laws.
• D)All of the choices are correct.

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Definitions:

Endowment Principal

The core capital in an endowment, which is invested to generate income while preserving the original amount.

Payout

The process of distributing funds by foundations and trusts to meet legal requirements or fulfill their mission.

Accrual Basis

An accounting method where revenue and expenses are recorded when earned or incurred, regardless of when cash transactions occur.

Expenditures

The action of spending funds or an amount of money spent on a particular purpose, product, or service.